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Overview:

 High performance computing (HPC) refers to the additional computing power gained from aggregation of various processors for solving complex problems with high speeds. It is used by scientists for studying large data volumes and gleaning insights by implementing new techniques that require decision-making in current times. HPC plays the same role of a supercomputer and employed in industries of aerospace, defense, and navigation systems. The global High Performance Computing Servers Market report by Market Research Future (MRFR) unveils new trends in integration of services and its application for the forecast period (2020-2027). The COVID-19 outbreak and its role in the industry has been included in the report.

 Market Scope

 The global high performance computing market is set to exhibit 8% CAGR over the forecast period. The growth is facilitated by use of HPC for resolving complex problems in cryptography, satellite mapping, advanced vehicles, and high-resolution image processing. Computing of data with high precision in fields of finance and healthcare by using algorithms can bode well for the market. The huge demand for hybrid solutions and scaling of HPC resources by enterprises can drive the market growth. Shift to cloud can facilitate the adoption rate of high performance computing among large industries. Large sales of supercomputers and divisional machines coupled with cloud setups capable of high performance computing can bode well for the market.

The COVID-19 outbreak has propelled innovation in HPC with consortiums being formed to aggregate the computing power of various supercomputers to gain insights on experimental data accumulated from various COVID-19 cases. It has been utilized to great effect for development of therapies and treatments for patients detected with the virus. Moreover, applications of HPC in cybersecurity, green vehicles, and climate change can widen the ambit of the market.

But lack of expert personnel and advances in high performance workstations can hamper market growth.

 Segmentation 

By component, it is segmented into networking devices, storage, server, and software. The server is expected to display 12% CAGR over the forecast period.

By deployment, the market is divided into on-premise and on-cloud. The on-premise deployment is expected to dominate over the forecast period owing to abundance of space and capability of personnel in managing large data centers.

By vertical, it is segmented into transportation, IT & telecommunications, energy & utilities, manufacturing, healthcare, BFSI, and others. The healthcare segment is bound to be lucrative for the HPC market owing to its implementation in next generation sequencing, simulation, modeling, and data management.

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 Regional Analysis

Global trends of the high performance computing market is studied across North America, Europe, Asia Pacific, and the Rest of the World. MRFR regional study reveals that the high performance computing market in North America can secure the largest market share in the assessment period; whereas the high performance computing market in the Asia Pacific region is likely to rise exponentially. Driven by technological advancements the high performance computing market in North America region can rise at a high pace across the assessment period. The presence of developing supercomputing facilities in the US can promote the expansion of the high performance computing market in North America across the study period. The market in Canada is likely witness a rapid expansion of the market in the near future. In Asia Pacific, the performance computing market is expected to experience the fastest rise in the analysis period due to surge in the adoption of HPC for research activities and weather forecasting applications. The HPC market in the Rest of the World can expand at a steady growth rate in the forecast period. 

Key Players

Oracle Corporation, Intel Corporation, Hewlett Packard Enterprise Company, Dell, Inc., IBM Corporation, Fujitsu Ltd, Hitachi Ltd, Cisco Systems, Inc., Advanced Micro Devices, Inc., and Microsoft Corporation are some reputed developers of High Performance Computing solutions as listed by MRFR. 

Browse Complete Report Here:

https://www.marketresearchfuture.com/reports/high-performance-computing-market-2698

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

 

Market Overview

 The global Machine Learning Market Analysis can expand at 48.02% CAGR from 2018 to 2024, as per the latest research conducted by Market Research Future (MRFR) in its report. The report contains factual information coupled with news, events, and trends used in estimating projections for revenue and growth for the forecast period (2020-2027). The COVID-19 pandemic and its effects on the industry are expounded in greater detail.

 Market Scope

 The global machine learning market is driven by increasing automation of processes and machines and prevalence of rapid industrialization. Efforts by corporations to reduce workload of humans and reduce errors can bode well for the market. Labor charges imposed by countries can also facilitate market growth.

Adoption of cloud services, generation of unstructured data, and demand for machine learning solutions are major drivers of the market. Open-source nature of certain machine learning programs and establishment of certain standards for closing the gap between IT programmers and scientists in order to encourage innovation can bolster market growth. Autonomous cars developed by companies have increased their awareness owing to machine learning and real-time monitoring of the environment.

Development of chatbots powered with the help of machine learning to respond to customer queries can drive the market growth. Emergence of various companies in the ecommerce space and use of cognitive coding techniques is likely to influence the machine learning market. Recently, Intel Corporation has invested close to USD 132 million in Anodot for enhancing autonomous monitoring and assist companies in leveraging on large data volumes.

 COVID-19 Impact

The COVID-19 pandemic has accelerated the use of machine learning models as force majeure factors have increased and economies witness a downfall. Machine learning has been paired with predictive analytics to treat the virus and conduct analysis on populations across countries, according to a recent JAMA study. The National COVID Cohort Collaboration (N3C) has been formed for accumulation of COVID related data and accurately predicting severity of the disease as per the symptoms.

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 Segmentation

The machine learning infrastructure comprises various components including hardware, software, and services.  The hardware segment is deemed to attain higher revenues as compared to its counterparts owing to procurement of associated hardware and development of customized chips for machine learning. Huge demand for higher performance processors can drive the segment demand significantly.

Based on the organization size, the market has been sub-segmented into small- and medium-sized enterprises and large enterprises. Large enterprises are likely to capture a large market share as huge volumes of unstructured data are generated by devices and node points. Machine learning can leverage the data and glean important insights on tackling any drawbacks.

Regional Analysis

North America is expected to continue its dominance in the market owing to investments in machine learning by companies and adoption of the nascent technology. Integration of AI in smart devices and automobiles is likely to drive the market demand significantly.

Competitive Analysis

Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Cisco Systems, Inc., Wipro Limited, Google, Intel Corporation, Facebook, Inc., Nuance Communications, Apple Inc, and Baidu Inc are key players in the global machine learning market. 

Industry News

Researchers at the Francis Crick Institute have devised a method for detecting cancerous mutations in the non-unique part of DNA by employing machine learning. 

Browse Complete Report Here:

https://www.marketresearchfuture.com/reports/machine-learning-market-2494

Browse More Reports by MRFR:

Enterprise High-Productivity Application Platform as a Service Market

https://www.marketresearchfuture.com/reports/enterprise-high-productivity-application-platform-service-market-9580

Independent Software Vendors (ISVs) Market

https://www.marketresearchfuture.com/reports/independent-software-vendors-market-10305

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https://www.marketresearchfuture.com/reports/manufacturing-analytics-market-886

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Market Overview

 As per Market Research Future (MRFR), the global Managed Services Market Size is estimated to reach USD 417.1 billion with a CAGR of 9.76% from 2020 to 2030 (forecast period). The report shows the market opportunities and the market ramifications that emerged as a result of the COVID-19 pandemic.

Managed services help business enterprises to offload IT operations to third-party service providers, also recognized as Managed Service Providers (MSPs), enabling organizations to focus on their core business activities and strategies. Various managed services provided by MSPs include support and maintenance services, remediation services, monitoring services, network management, database management, server management, disaster recovery, managed contact center services, managed storage, web hosting, enterprise mobility management, application hosting, and others.

 Market Dynamics

The growing need to reduce operating costs for operational infrastructure is anticipated to propel the market during the forecast period. Managed service providers help companies offset their initial investment in technology by providing services related to network testing, cloud, managed data center, security, and mobility. After switching to MSPs, companies pay for the service only on a monthly basis instead of upfront hardware and software costs. As managed services incur operating costs instead of capital expenditure, limited resources are tied up to manage the advanced technology adopted by businesses

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 Market Segmentation

The global managed services market has been segmented into service type, organization size, and vertical. 

Based on service type, the global managed services market has been segmented into cloud services, managed data center services, managed security services, managed collaboration services, managed mobility services, network services and testing, and others. Cloud services have been divided into cloud migration services, cloud brokerage services, and cloud service orchestration. Managed data center services have been divided into monitoring services, change management services, and others. Managed security services have been divided into identity and access management, vulnerability services, threat detection monitoring services, incident response services, and others. Managed collaboration services have been divided into unified contact center, unified communications, and others. Managed mobility services have been divided into mobile device management, application lifecycle management, and expense management. Network services and testing has been divided into implementation services, operation services, and design services. The other segment has been divided into BSS/OSS managed service and Data and Information management.

By organization size, the global managed services market has been segmented into large enterprises and SMEs.

By vertical, the global managed services market has been segmented into BFSI, IT & telecommunication, retail & e-commerce, healthcare, industrial/manufacturing, energy & utilities, education & research, and others.

Regional Analysis

Region-wise, the global managed services market has been categorized as North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

North America was the biggest market. The region is expected to dominate the global market for managed services in terms of market share during the forecast period due to the presence of the majority of key players in the region investing in research and development activities to provide services with greater performance and reliability. The US has the bulk of the North American market due to the involvement of major MSPs such as IBM Corporation, Cisco Systems, Inc., and DXC Technologies.

Europe is the second-largest market for managed services. Europe has been segmented into the United Kingdom, Germany, France, and the rest of Europe. The growing adoption of cloud platforms, IoT technology, and the increasing need for managed enterprise data across the UK, Germany, Russia, Denmark, Italy, Norway, and other European countries is one of the main factors responsible for the growth of the managed services market in the region. The UK has the largest market share in the region, followed by Germany and France.

Key Players

Notable players in the Global Managed Services Market are Accenture (US), Cisco Systems, Inc (US), Amdocs Limited (US), Unisys Corporation (US), NTT Data Corporation (Japan), Telefonaktiebolaget LM Ericsson (Sweden), Atos SE (France), Huawei Technologies Co. Ltd (China), IBM Corporation (US), DXC Technology Company (US), and Fujitsu (Japan).

Browse Complete Report Here:

https://www.marketresearchfuture.com/reports/managed-services-market-2424

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Market Overview

 Market Research Future (MRFR) reveals multiple causes that are likely to support the ITS Market 2021 in the years to come. The expansion of intelligent transportation system market is likely at 9.31% CAGR in the analysis period 2021 to 2030. By 2030, the intelligent transportation system market is expected to garner USD 42.67 Bn. A comprehensive analysis for intelligent transportation system market dynamics in COVID 19 is elaborated in the report. The gradual adoption of intelligent transportation system across the information and communications technology sector can prompt the expansion of the Intelligent Transportation System (ITS) Market in the years to come.  The rise in number of cars and other types of transportation has triggered the need for advanced commute solutions. The increase in the need for effective traffic management by increasing value of time can contribute to the ITS market rise. The introduction of intelligent transportation system solution for e-commerce can promote the market in years to come. 

 Intelligent Transportation System Market – Segments

 The segment assessment of the Global ITS Market is done by component, products, and application.

The Product based segments of the global intelligent transportation system market are Advanced Public Transportation Systems (APTS) and Advanced Transportation Management Systems (ATMS). 

 The Application based segments of the intelligent transportation system market are Traffic Management and Collision Avoidance System, and Automotive Telematics.

 The Component based segments are Software, Sensor, Surveillance Camera, Monitoring, and Interface Board.

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 Intelligent Transportation System Market - Regional Analysis

Trends of the ITS Market is studied across North America, South America, EU, Asia Pacific, and the ROW. North America intelligent transport system   market is expected to secure the largest share in the years to come. The intelligent transportation system market in EU is expected to thrive at 12.83% CAGR in the review period. In Asia Pacific, the intelligent transportation system market value can escalate from USD 5.65 billion to USD 12.10 billion from 2016 to 2022. The market in ROW is anticipated to rise at 8.67% CAGR in forecast period.

The regions that are developing economically have high demand for ITS systems. The increased adoption of intelligent transportation systems in these regions can contribute significantly to the rise of the market in these regions. The high importance of ITS systems across booming sectors in different regions can impact the rise of the market in these regions. In APAC, the need to effectively manage traffic congestions can impel the expansion of the intelligent market in the years ahead. The rise in focus on road safety and challenges in urban planning are supporting the adoption of intelligent transportation, especially in densely populated regions of APAC. This can support the expansion of the intelligent transport market in the years ahead. The growing dynamics of commute industry across organized sector can support the expansion of the intelligent transport system market in the years ahead. In Europe, followed by North America, the ITS market are observed to gain high profits in the years ahead. The increased awareness about benefits of ITS can support the regional expansion of the market in approaching years. 

Key Players 

The key players of Intelligent Transportation System are Roper Industries, Inc. (U.S), Hitachi Ltd. (Japan), Siemens AG (Germany), Thales S.A. (France), Xerox Corporation (U.S.), BRISA (Portugal), Kapsch AG (Austria) ¸Q-Free ASA (Norway), Efkon AG (Austria), Lanner Electronics Inc. (Taiwan). Some of the other key players are Denso Corporation (Japan), TomTom International BV (Netherlands), Savari Inc. (U.S.), Nuance Communications Inc. (U.S), Garmin Ltd. (Switzerland) and others.

Browse Complete Report Here:

https://www.marketresearchfuture.com/reports/intelligent-transportation-system-market-2076

Software-Defined Wide Area Network (SD-WAN) Market:

https://www.marketresearchfuture.com/reports/software-defined-wide-area-network-market-1896

Intelligent Transportation System Market:

https://www.marketresearchfuture.com/reports/intelligent-transportation-system-market-2076

Managed Services Market:

https://www.marketresearchfuture.com/reports/managed-services-market-2424

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Overview

 The Software Defined Wide Area Network Market Share is anticipated to grow by 46.31 billion by 2030 rapidly growing at a CAGR of 36.9% during the forecast period 2020- 2030. The global software-defined wide area network (SD-WAN) market is driven by rising network traffic to create robust opportunities. These factors have helped shape the software-defined wide area network (SD-WAN) market and are expected to boost the growth. Companies in the software-defined wide area network (SD-WAN) market could also face challenges such as reliability of SD-WAN network to restrain market growth . The details covered in the software-defined wide area network (SD-WAN) market report cover all the aspects of the industry. software-defined wide area network (SD-WAN) market analysts have also shared growth projections in the report and have suggested software-defined wide area network (SD-WAN) market players to plan growth strategies accordingly.

 Market Segmentation

 The global software-defined wide area network (SD-WAN) market has been segmented based on component, deployment, and vertical. On the basis of components, the market for software-defined wide area network (SD-WAN) is segmented based on appliances (physical (router, access point, switches, gateways and cables) and virtual (csp, web portal and internet)) and services (managed services and professional services. Additionally, the market on the basis of deployment, is segmented into on-premise and cloud. The global market for software-defined wide area network (SD-WAN) is also covered based on vertical segment which is further split into IT & telecommunication, manufacturing, BFSI, healthcare and retail.

 Factors like enterprise mobility, rise in mobile workers, and penetration of smart IoT devices across different enterprise verticals support the software-defined wide area network (SD-WAN) market growth. The performance of software-defined wide area network (SD-WAN) market has also been studied for the past and current years. Additionally, the software-defined wide area network (SD-WAN) market report provides analysis of these segments. The software-defined wide area network (SD-WAN) market segmental analysis provided in the report offers major details about the software-defined wide area network (SD-WAN) market performance and future.

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Regional Overview

Companies in the software-defined wide area network (SD-WAN) market are spread across the world. The software-defined wide area network (SD-WAN) market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American software-defined wide area network (SD-WAN) market has many companies across the United States, Canada, and Mexico. Europe has companies in the software-defined wide area network (SD-WAN) market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the software-defined wide area network (SD-WAN) market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The software-defined wide area network (SD-WAN) market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the software-defined wide area network (SD-WAN) market can be found in the market research report.

Competitive Landscape

The software-defined wide area network (SD-WAN) market is supported by penetration of smart IoT devices across different enterprise verticals and rising network traffic. The population growth around the world and increasing demand of software-defined wide area network (SD-WAN) market based services and products also support the market growth. However, the software-defined wide area network (SD-WAN) market growth can be affected due to concerns over security to act as a challenge. The report covers all such details which will help companies in the software-defined wide area network (SD-WAN) market to strengthen their business plan and improve their product portfolio. The software-defined wide area network (SD-WAN) market research report also provides company profiles of major companies. The company profile of organizations operating in the software-defined wide area network (SD-WAN) market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the software-defined wide area network (SD-WAN) market. New entrants and established players can plan their strategies based on this data provided in the software-defined wide area network (SD-WAN) market research report.

Industry News

In collaboration with Verizon SD-WAN, Silver Peak Systems is joining Versa Networks and Cisco. The Silver Peak Unity EdgeConnect edge network is sponsored by Verizon Enterprise as a controlled service. Aamir Hussain, senior vice president of corporate products for Verizon Company said development of WAN edge architecture has radically changed over the last few years, particularly in 2020.

Browse Complete Report Here:

https://www.marketresearchfuture.com/reports/software-defined-wide-area-network-market-1896

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Market Overview

The Optical Transport Network is also popularly known as "digital wrapper," which is offering multiplex services onto optical light paths in an efficient and globally accepted way. The global market is gaining more popularity because of the optical network’s scalable, flexible, and robust Optical Transport Network. This network is helpful for the expansion of equally varied service requirements, including ATM, Fiber Channels, SONET or SDH, and PDH. The growth driving factors of the OTN Telecom Market are the rapid growth in IP and Ethernet services, a dramatic increase in the capacity demanded, and changing user requirements.

 Moreover, the next generation's advanced form could be an opportunity for the global market as its support for data signals such as IP and Ethernet and enables more efficient mapping. The OTN Market might face restraints due to the advanced technology. Further, the high initial investment can be a challenge for the global market. According to the Optical Transport Network Industry report, the optical packet platform segment is aimed to generate the highest CAGR of 13.9% for the forecast period.

 On the other hand, the optical switch segment is registered to generate the largest market share of 42.6% by the end of the year 2018; further, this segment is predicted to register at 11.6% CAGR during the forecast period. Along with that, the network support segment is registered to generate the highest CAGR of 14.0% for the forecast period. Further, the network design segment is expected to register the largest market share of 40.7% by the end of the year 2018. Along with that, the network design segment is predicted to register at 12.4% CAGR for the reviewed period.

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Segmental Overview

The Optical Transport Network Market is segmented into Technology, Vertical, service, and Component. According to the services segment, the global market has been segmented into network support, network design, and others. Here, the network support segment is registered to generate the highest CAGR of 14.0% for the forecast period. Further, the network design segment is expected to register the largest market share of 40.7% by the end of the year 2018. Along with that, the network design segment is predicted to register at 12.4% CAGR for the reviewed period. 

Based on the component segment, the Optical Transport Network Market has been segmented into the optical packet platform, optical switch, and others. Here, the optical packet platform segment is aimed to generate the highest CAGR of 13.9% for the forecast period. On the other hand, the optical switch segment is registered to generate the largest market share of 42.6% by the end of the year 2018; further, this segment is predicted to register at 11.6% CAGR during the forecast period. According to the technology segment, the OTN Market has been classified into Dense Wavelength Division Multiplexer (DWDN), Wavelength Division Multiplexer (WDN), and others (SDH or SONET). The global market has been categorized into retail, government, IT or telecommunications, healthcare, and others based on the vertical segment. These vertical segments played an important role in enhancing the Optical Transport Network Market Share.

Regional Analysis

According to the regional classification, the OTN Market has its base in various regions such as North America, Asia-Pacific, the Middle East & Africa, Europe, and South America. Among all the regions, North America is dominating the global market because of the increasing implementation of high-speed communications network technologies in the region.

Industry News

The Optical Transport Network Industry’s productivity has got affected in the first half of the year 2020 because of the pandemic lockdown. However, the involvement of the key players has increased the Optical Transport Network Market Share for the forecast period.

Browse Complete Report Here:

https://www.marketresearchfuture.com/reports/optical-transport-network-market-1591

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

 

Market Analysis

The security applications of facial recognition are motivating the Facial Recognition Market Growth in 2020. The AI and analytics reports are made by Market Research Future, which includes market possibilities for advancement.  According to the Facial Recognition Market Forecast, Market Research Future (MRFR) expects to reach USD 17.35 Billion with a CAGR of 16.54% from 2016 to 2030

The uptick in international crime rates is estimated to create a favourable ground for the facial recognition market share in the impending period. The advent of cloud-based facial recognition services is predicted to create a promising backdrop for the expansion of the facial recognition market on a global scale. The application of facial recognition at airports and shopping malls is estimated to create further options for growth in the facial recognition market.

Segmental Analysis 

The segmental scrutiny of the facial recognition market has been segmented on the basis of hardware and software, technology, regions and verticals. The vertical based segmentation of the facial recognition market is segmented into government, airports, large organization, home security, and others. On the basis of technology, the facial recognition market is segmented into 3D recognition, thermal recognition and 2D recognition. Based on hardware and software, the market for facial recognition is segmented into face recognition analytics and software. On the basis of regions, the facial recognition market has been segmented into the Asia Pacific, the Middle East, North America, Europe, and Africa.

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 Detailed Regional Analysis 

The regional investigation of the facial recognition market is segmented regions such as the Asia Pacific, the Middle East, North America, Europe, and Africa. The facial recognition market in North America is heading the global market due to the speedy implementation of facial recognition technology in a number of non-government and government sectors and the growing use of electronic devices that are fortified with this technology by the customers in this region. The facial recognition market is estimated to exhibit momentous development in the European region owing to the sharp progress in technology and the existence of a huge pool of companies in the facial recognition market of this region. However, the Asia Pacific region is foretelling fast growth in the facial recognition market owing to the collective investment in the development of 3D technology and expanding adoption of facial recognition systems for security reasons in this region. In the Middle East and Africa region, the facial recognition market is showing stable growth due to the less infiltration of cutting-edge technology in the unfledged and isolated areas of this region.

Competitive Analysis 

The companies in the market are estimated to solely focus on getting their growth paths back on track to maximize the opportunities that may arise. The reinforcement of the distribution channels is estimated to further place the market in the right place for the future. The market is estimated to be energized by the incentives offered by the governments and the initiatives taken to spur the global market. The trade blockades are, however, estimated to slow down the momentum that could be attained by the market. The emphasis on marketing strategies is estimated to decline due to the focus being placed on cost optimization. The contender's progress in the market is estimated to be bolstered by the innovations that are being undertaken to enhance the core product offering in the upcoming period.

The significant companies in the facial recognition market are NEC Corporation (Japan), Cognitec Systems (Germany), Daon Inc. (U.S.), FaceFirst Inc. (U.S.), Ayonix Corporation (Japan), Gemalto (Netherlands), Key Lemon Ltd. (Switzerland), Safran SA (France), Aware Inc. (U.S), Face++ (China) and others.

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https://www.marketresearchfuture.com/reports/facial-recognition-market-1250

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

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New York, NY 10013

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+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Market Analysis

Digital Transaction Management Market Forecast value stood at over USD 1,400 Mn and the figure is likely to grow to USD 25.31 Billion by the end of 2030

Increasing Adoption of Cloud-Based Services and Expanding Internet Penetration

Digital Transaction Management (DTM) is a sort of cloud service that is used to manage document-based transactions digitally. This type of transaction system is utilized in place of the traditional approach to providing a more convenient, secure, and easier procedure based on a document, people, and data. DTM services aim to accelerate the signing of business agreements and contracts by digitizing the process in a quick, accurate, and secure manner.

Increased internet connectivity and the continuous acceptance of digital solutions for the management and automation of business and transaction management operations are projected to boost the digital transaction management market in the coming years. Furthermore, the increasing adoption of cloud-based services and expanding internet penetration are expected to enhance the market in the upcoming years. Furthermore, the growing trend of digitalization and the prevalence of digital payment methods are expected to fuel the market throughout the estimated period. 

Market Segmentation

The global digital transaction management industry has been segmented into solution, component, and end-user. 

By solution, the global digital transaction management market has been segmented into e-signature, authentication, document archival, and workflow automation. 

By component, the global digital transaction management industry has been segmented into hardware, software, and services. 

By end-user, the global digital transaction management market has been segmented into BFSI, Healthcare, Retail, and Government.

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 Regional Analysis

North America to Dominate the Global Market

The North American region dominates the market for digital transaction management. The existence of a technically advanced economy and growing usage of cloud services in the North American area drive demand for the market for digital transaction management. Countries such as Canada, the United States, and Mexico have made considerable investments in the research and development of automation and cloud technologies.

Key Players

Market Research Future includes the following main players for digital transaction management market research study: DocuSign Inc. (U.S.), Insight Enterprise Inc. (U.S.), Namirial Spa (Italy), ThinkSmart (U.S.), Assuresign (U.S.), EuroNoVate (Switzerland), ZorroSign (U.S.), eSignLive (U.S.), eOriginal (U.S.).

Competitive Landscape

With a sizable number of regional and worldwide competitors, the global digital transaction management market is moderately competitive. The market is distinguished by the existence of a diverse set of companies. The providers are continually developing novel solutions that are in pace with technological advancements, thereby catering to the growing wants of customers across numerous end-user industry verticals.

Industry News

In June 2021, Nintex acquired AssureSign, an electronic signature pioneer and provider of digital transaction management (DTM) software, to satisfy customer demand for native eSignature capability within the Nintex Process Platform.

In April 2021 - Adobe introduced Adobe Experience Manager Assets Essentials to facilitate cross-team collaboration. Assets Essentials is a stripped-down version of Adobe Experience Manager Assets that streamlines digital asset storage, discovery, and distribution across marketing and creative teams. All Experience Cloud apps will use Assets Essentials as the default asset management experience.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Virtual reality (VR) is a computer-generated simulation that can be accessed with the assistance of head-up displays and gloves to provide immersive experiences. The software can be used in creating worlds to be experienced by users using associated hardware. The global virtual reality marketreport by Market Research Future (MRFR) comprises an in-depth analysis of the industry with projections for revenue and growth during the forecast period (2020-2027). The COVID-19 impact on the industry has also been included in the report.

Market Scope

The global virtual reality market is set to exhibit 37.4% CAGR over the forecast period owing to advances in head-mounted displays and consumer enthusiasm for VR. Immersive experiences in media & entertainment titles has garnered positive reception for the market. This is exemplified by the implementation of VR in rollercoaster rides in theme and amusement parks. Applications of VR in industries other than media such as healthcare, education, hospitality, and others can drive market demand significantly. Integration of VR with IoT can favor the market to increase worker training, improve productivity, and lower error rates.

The COVID-19 outbreak had a positive impact on the virtual reality market with people downloading and procuring VR games while working from home. The pandemic has accelerated strides in 360-degree communication with travel companies utilizing it to provide virtual tours.

But integration of system-on-a-chip (SoC) coupled with mediocre security standards can limit market growth.

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Segmentation

By component, the market is divided into hardware and software. The hardware segment is further segmented into displays, semiconductors, sensors, and others. The software segment is divided into software development kits, cloud-based, and others. 

On the basis of device type, it is segmented into head-mounted displays, 3D cameras, gesture tracking devices, projectors & display walls, and others. The head-mounted displays can occupy a large market share owing to its importance in training programs of industries of military, aerospace, medical & research, and engineering.

By technology segment, the VR market is segmented into non-immersive, semi-immersive, and fully immersive. 

Verticals pandered by the virtual market are healthcare, consumer electronics, aerospace & defense, industrial, commercial, and others. The healthcare industry is expected to command a large chunk of the virtual reality market owing to training programs created for training new doctors and use of the technology for treatment of mental health issues. VR can be used in increasing the efficiency of surgeons and lowering complications during treatment.

Regional Analysis

North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA) are major regions covered in the virtual reality market.

North America is expected to dominate the market owing to presence of various VR developers and applications in gaming & entertainment and consumer electronics. The U.S. is likely to contribute the most to the regional market at a CAGR of 38.05% over the forecast period. The North America market is characterized by acquisitions of small startups by large companies in a bid to consolidate it.

Europe is projected to display a strong growth rate over the assessment period owing to investments in VR hardware and software. Consumption of VR headsets and interest in VR games can augur favorably for the market. Integration of VR across industries by a consortium, The INTUITION Network, and noting down its progress in the workplace can provide new avenues of expansion to the market.

Competition Analysis

Vuzix Corporation, Google LLC, Samsung Electronics, Sixense Entertainment Inc., Eon Reality Inc., Facebook Inc, Sensics Inc., Avegant Corporation, Microsoft Corporation, Qualcomm Technologies Inc., and Sony Corporation are key players of the virtual reality (VR) market. Acquisitions and investments in hardware and software are prime strategies of players to sustain their market share.

Industry news

Facebook announced the testing of Ads on its virtual reality platform, Oculus. This move could signal the company’s intent on expanding its platform and expanding its platform.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

 

Market Overview

 The Metaverse Market Size is predicted to reach USD 105,597.5 million by 2030, registering a 45.2% CAGR during the forecast period, 2024–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years.


The global Metaverse market is expected to witness substantial growth during the forecast period due to the increasing focus on converging digital and physical worlds using the Internet and rising traction and popularity of mixed reality (MR) which are expected to be the major drivers of the market. Furthermore, metaverse's success depends on the pricing of hardware and associated software. Not every individual can afford the price of headsets and other wearables. The tech companies will have to create more affordable options to increase potential customers and penetrate this technology at every corner of the globe. Therefore, rapid technological advancements are the basic need for the market.

Segmental Analysis

The global Metaverse market has been segmented based on component, platform, technology, application, and end user.

The global Metaverse market, based on the component, the market has been segmented into hardware and software. The software segment is expected to exhibit the fastest growth rate during the anticipated period. Software aids laptops tap into computing power from other devices, including chips from its rivals. The software is designed to solve technical challenges for users. Software are vital components in metaverse solutions. As the number of AR/VR players grows, consumers will have access to a wider range of products and options. However, many well-known platforms currently utilize applications that lack cross-platform capabilities and use a variety of development standards, enclosing their goods in their own ecosystems. As a result, software developers are compelled to create apps and platforms that may or may not be interoperable with any of these ecosystems. With the influx of new entrants into the business, the possibility of fragmented software ecosystems has increased.


Based on the platform, the market has been classified into desktop/laptops, mobile, and wearables. The wearable segment is expected to account for the major share during the projected period. Wearables provide the complete experience in the metaverse. Meta has been working on several new wearable techs to enhance users' presence in it. Wearable technology to bridge between the material and virtual worlds. Wearable tools fitted with sensors as well that collect data and also feedback data to users.


Based on the technology, the market has been segmented into the blockchain, VR & AR, mixed reality, and others with the blockchain technology expected to exhibit the highest CAGR growth rate during the projected period. While the internet accepts PayPal and credit cards, the metaverse includes cryptocurrency to help with the creation of a digital economy. Blockchain has proven to be effective in six key metaverse categories: digital proof of ownership, digital collectability, value transfer, governance, accessibility, and interoperability. The metaverse is well-suited to blockchain technology because it offers a transparent and cost-effective alternative.


Based on the application, the market has been segmented into gaming, online shopping, content creation, social media, and others. Gaming application is expected to account for the major share in Metaverse technology. This can be attributed to the demand for new realistic gaming experiences among millennials. The gamers will drive the Metaverse growth during the projected period. The metaverse will provide a more comprehensive open economic paradigm, especially in the gaming industry, eliminating the current one-sided capitalist-driven model favoring a more lively and inclusive play-to-earn gaming ecosystem. The online participants and players will have a more immersive experience. Aside from the all-encompassing thrills of online gaming, gamers and users will play an important role in this new economic model.


Based on the end user, the market has been categorized into consumers and enterprises. The enterprise's segment is further broken down into BFSI, retail, media & entertainment, education, real estate, aerospace & defense, healthcare, engineering, and others. The consumer segment is expected to be the dominant end-user for the metaverse market. This can be attributed to the rising demand for gaming, live events, video entertainment, and leisure activities. By using the Metaverse, a user could hang out with friends, work, play, learn, shop, create, and more without going anywhere physically. Especially, in that game environment, people have the opportunity to engage as never before. They can experience a deeper reality: instead of being focused on a flat screen, they can actually interact with the environment around them.

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 Competitive Analysis

In this study, MRFR has analyzed major players such as Meta Platforms Inc., Nvidia, Microsoft Corporation, Tencent Holdings Ltd., Bytedance, Epic Games, Netease Inc., Roblox Corporation, Lilith Games, Nextech AR Solutions Inc., and Unity Software Inc. that have contributed a significant share to the growth of the global Metaverse market.

Regional Analysis

The global Metaverse market, by region is divided into North America, South America, the Middle East & Africa, Europe, and Asia-Pacific. The market is led by North America. North America is expected to be the largest contributor to the metaverse market. This includes the US, Canada, and Mexico. The most significant factor driving the growth of the market is the increasing focus on converging digital and physical worlds using the internet and the increased traction and popularity of mixed reality (MR). Numerous enterprises in North America are significantly adopting advanced virtual reality, 3D Simulation, augmented reality to enhance their business operations. From a business intelligence point of view, technologies such as Extended Reality, 5G, and AImay make the metaverse futuristic.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                      

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

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